clock menu more-arrow no yes Founder Has Now Raised $80 Million for New Amazon Competitor

Marc Lore, who previously sold parent company Quidsi to Amazon for more than $500 million, has now raised a fresh $25 million for, bringing total funding for his new shopping site to $80 million before it has launched. previously raised $55 million from New Enterprise Associates, Accel Partners, Bain Capital Ventures and MentorTech Ventures. While Lore has kept most details of private, sources previously told Re/code that the site hoped to undercut Amazon and other competitors on pricing by dynamically pricing products based on how close they are to the buyer. is expected to launch next year.

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